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The city of Busan has confirmed plans to construct a special district for research and development for the parts and materials industry.

The city is preparing to designate 57.4 square kilometers to the district from different western areas, including the Busan-Jinhae Free Economy Zone or BJFEZ, the 강서 high-tech industry logistics city, 동아 University, 신라 University and the 녹산 industrial complex.The city is planning to set up organzing and pratical affairs committees with help from the BJFEZ, the Busan Development Institute, the Southeast Economy Institute and the Korea Institute of Industrial Technology or KITECH. Continue reading →